Single Detached
Months of inventory for single detached homes numbered 7.4 at the end of the first quarter of 2025, down from the 10 months recorded at the end of the first quarter of 2024. This was the lowest level of months of inventory ever recorded in a first quarter.
Months of inventory for single detached homes in St. John’s numbered 3 at the end of the first quarter of 2025, down from the 5.7 months recorded at the end of the first quarter of 2024. This was the lowest level of months of inventory ever recorded in a first quarter for St. John’s.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, single detached homes spent less time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold single detached homes was 82 in the first quarter of 2025, down slightly from 84 days in the first quarter of 2024.
The median number of days on market for sold single detached homes in St. John’s was 63 in the first quarter of 2025, down slightly from 64 days in the first quarter of 2024.
Multi-Family
Months of inventory for multi-family units numbered 4.2 at the end of the first quarter of 2025, down from the 5.8 months recorded at the end of the first quarter of 2024.
Months of inventory for multi-family units in St. John’s numbered 3.6 at the end of the first quarter of 2025, unchanged from the 3.6 months recorded at the end of the first quarter of 2024.
The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
With a tighter market, multi-family units spent less time on the market in the first quarter of 2025 than they had a year earlier.
The median number of days on market for sold multi-family units was 62.5 in the first quarter of 2025, down slightly from 65 days in the first quarter of 2024.
The median number of days on market for sold multi-family units in St. John’s was 52 in the first quarter of 2025, down from 59 days in the first quarter of 2024.
